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Energy & Sustainability

Oil and gas, renewables, storage and environmental industries

Industry News
Source: Gulf Business

QatarEnergy Extends LNG Force Majeure to Late 2026 Amid Hormuz Disruption

State-owned QatarEnergy has extended force majeure notices on liquefied natural gas deliveries to Italian utility Edison and Asian buyers due to continued transit disruptions in the Strait of Hormuz. Deliveries to Edison are suspended until early December, while Asian clients in Bangladesh and Pakistan face cancellations through November. Data from ICIS shows Qatari LNG exports fell to 18 cargoes through end-August 2026, compared to 509 in the same period last year.

Industry News
Source: Oil & Gas Middle East

Middle East to China VLCC Freight Rates Surpass $1.2 Million Daily

Daily earnings for Very Large Crude Carriers on the Arabian Gulf to China route exceeded $1.2 million per day in late September 2026. According to the Baltic Exchange, round-trip earnings for shipments from Ras Tanura to Ningbo hit $1,235,414 a day amid shipping bottlenecks near the Strait of Hormuz. LSEG data showed spot rates reached an absolute high of $1.27 million on September 21.

Industry News
Source: China Daily HK

China’s Gotion Wins 6 GWh in Saudi Arabia’s Utility-Scale Storage Tender

Saudi Power Procurement Company has awarded China's Gotion High-Tech 6 GWh in the kingdom's first utility-scale battery storage tender, valued at roughly $1.16 billion. Gotion secured three core sites totaling 75% of the 2 GW/8 GWh G1 project. Separately, Hong Kong Financial Secretary Paul Chan visited Doha to discuss green finance and infrastructure cooperation.

Industry News
Source: Zawya

China’s Gotion High-Tech Secures 6GWh Battery Storage Contracts in Saudi Arabia

Chinese battery manufacturer Gotion High-Tech has secured contracts to supply 6 gigawatt-hours of utility-scale battery energy storage systems in Saudi Arabia. The award covers three projects under the Saudi Power Procurement Company's first procurement group, valued at approximately $1.16 billion. The systems will connect directly to the kingdom's 380-kilovolt transmission network.

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